Axa continued to hold its stake in shares of Columbus McKinnon Corporation (NASDAQ:CMCO) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 81,200 shares of the industrial products company’s stock at the end of the second quarter. Axa owned approximately 0.36% of Columbus McKinnon Corporation worth $2,064,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Envestnet Asset Management Inc. boosted its stake in Columbus McKinnon Corporation by 1.5% during the first quarter. Envestnet Asset Management Inc. now owns 6,094 shares of the industrial products company’s stock valued at $151,000 after buying an additional 91 shares in the last quarter. US Bancorp DE boosted its stake in Columbus McKinnon Corporation by 1.6% during the first quarter. US Bancorp DE now owns 28,659 shares of the industrial products company’s stock valued at $711,000 after buying an additional 450 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Columbus McKinnon Corporation by 1.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 45,122 shares of the industrial products company’s stock valued at $1,120,000 after buying an additional 538 shares in the last quarter. American Century Companies Inc. boosted its stake in Columbus McKinnon Corporation by 2.7% during the second quarter. American Century Companies Inc. now owns 23,141 shares of the industrial products company’s stock valued at $588,000 after buying an additional 612 shares in the last quarter. Finally, American International Group Inc. boosted its stake in Columbus McKinnon Corporation by 7.1% during the first quarter. American International Group Inc. now owns 11,961 shares of the industrial products company’s stock valued at $297,000 after buying an additional 795 shares in the last quarter. 86.37% of the stock is owned by institutional investors and hedge funds.

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Several research analysts recently weighed in on CMCO shares. Zacks Investment Research raised Columbus McKinnon Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. BidaskClub cut Columbus McKinnon Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 13th. ValuEngine raised Columbus McKinnon Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Roth Capital set a $36.00 target price on Columbus McKinnon Corporation and gave the company a “buy” rating in a research note on Thursday, August 3rd. Finally, TheStreet cut Columbus McKinnon Corporation from a “b-” rating to a “c” rating in a research note on Wednesday, May 31st. One research analyst has rated the stock with a sell rating, four have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $34.50.

In other news, Director Timothy T. Tevens sold 45,172 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $32.76, for a total transaction of $1,479,834.72. Following the completion of the sale, the director now owns 293,536 shares in the company, valued at $9,616,239.36. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Alan S. Korman sold 2,500 shares of the business’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $32.93, for a total value of $82,325.00. Following the sale, the vice president now owns 13,121 shares of the company’s stock, valued at approximately $432,074.53. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 167,932 shares of company stock valued at $5,416,512. 3.91% of the stock is currently owned by corporate insiders.

Columbus McKinnon Corporation (NASDAQ CMCO) opened at 34.70 on Thursday. The company’s 50-day moving average price is $32.24 and its 200 day moving average price is $27.28. The company has a market cap of $785.09 million, a PE ratio of 52.58 and a beta of 1.87. Columbus McKinnon Corporation has a 52 week low of $16.86 and a 52 week high of $35.10.

Columbus McKinnon Corporation (NASDAQ:CMCO) last released its earnings results on Tuesday, August 1st. The industrial products company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.23. The company had revenue of $203.70 million during the quarter, compared to the consensus estimate of $190.62 million. Columbus McKinnon Corporation had a return on equity of 10.30% and a net margin of 2.06%. The firm’s quarterly revenue was up 36.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.32 earnings per share. On average, analysts anticipate that Columbus McKinnon Corporation will post $1.90 EPS for the current year.

Columbus McKinnon Corporation Profile

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Institutional Ownership by Quarter for Columbus McKinnon Corporation (NASDAQ:CMCO)

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